Dhanuka Agritech Ltd

Dhanuka Agritech Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Dhanuka Agritech Ltd

₹ 615 -2.47%
29 Mar - close price
dhanuka.com BSE: 507717 NSE : DHANUKA
About

Dhanuka Agritech manufactures a wide range of agro-chemicals like herbicides, insecticides, fungicides, plant growth regulators in various forms liquid, dust, powder and granules.(Source : 202003 Annual Report Page No:93)

Key Points

Product Portfolio
The Co. has 300+ product registrations across Herbicides, Insecticides, Fungicides and Plant growth regulators. About 90 Products across all segments. [1]

Website BSE NSE
  • Market Cap ₹ 2,806 Cr.
  • Current Price ₹ 615
  • High / Low ₹ 797 / 610
  • Stock P/E 12.6
  • Book Value ₹ 226
  • Dividend Yield 2.28 %
  • ROCE 30.0 %
  • ROE 23.3 %
  • Face Value ₹ 2.00
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Pros

  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 25.4%

Cons

  • The company has delivered a poor sales growth of 10.8% over past five years.
  • Promoter holding has decreased over last 3 years: -4.82%

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Agro Chemicals Industry: Pesticides / Agrochemicals - Indian

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
271 228 374 442 296 276 364 439 357 318 393 543 393
237 182 309 353 245 211 303 357 302 253 341 445 342
Operating Profit 34 46 65 89 50 65 61 82 55 65 51 98 52
OPM % 13% 20% 17% 20% 17% 23% 17% 19% 15% 20% 13% 18% 13%
8 9 7 8 9 9 8 7 7 12 17 6 8
Interest 0 0 0 0 1 1 1 1 1 1 1 1 1
Depreciation 4 4 3 3 4 5 4 4 4 4 4 4 4
Profit before tax 38 50 69 94 54 68 64 84 57 72 64 98 54
Tax % 26% 22% 25% 25% 26% 28% 24% 25% 25% 25% 23% 25% 15%
Net Profit 28 39 52 70 40 49 49 63 43 54 49 73 46
EPS in Rs 5.82 8.20 10.89 14.73 8.60 10.44 10.43 13.61 9.13 11.68 10.54 15.68 9.89
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
491 529 582 738 785 829 883 963 1,006 1,120 1,387 1,478 1,647
415 450 500 618 653 689 713 796 860 947 1,118 1,214 1,381
Operating Profit 76 80 82 121 132 140 170 166 146 174 269 264 266
OPM % 15% 15% 14% 16% 17% 17% 19% 17% 15% 15% 19% 18% 16%
3 1 7 5 6 13 18 16 21 25 34 34 42
Interest 6 5 4 4 3 1 1 1 1 2 3 3 3
Depreciation 5 5 5 5 6 6 15 14 12 16 15 16 17
Profit before tax 67 70 81 116 129 145 172 167 154 181 285 278 288
Tax % 24% 18% 20% 20% 18% 26% 29% 24% 27% 22% 26% 25%
Net Profit 51 57 64 93 106 107 122 126 113 141 211 209 223
EPS in Rs 10.22 11.42 12.88 18.62 21.21 21.45 24.83 25.71 23.66 29.71 45.21 44.85 47.79
Dividend Payout % 20% 19% 22% 21% 6% 30% 2% 21% 3% 40% 4% 31%
Compounded Sales Growth
10 Years: 11%
5 Years: 11%
3 Years: 14%
TTM: 15%
Compounded Profit Growth
10 Years: 14%
5 Years: 11%
3 Years: 23%
TTM: 10%
Stock Price CAGR
10 Years: 18%
5 Years: 2%
3 Years: 24%
1 Year: -14%
Return on Equity
10 Years: 24%
5 Years: 22%
3 Years: 24%
Last Year: 23%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Sep 2022
10 10 10 10 3 10 10 10 10 10 9 9 9
Reserves 160 205 253 322 410 470 512 624 633 698 787 951 1,046
72 46 34 39 16 8 8 5 22 8 48 32 40
115 135 124 145 166 169 185 185 171 217 286 320 353
Total Liabilities 358 396 420 517 594 657 715 823 835 932 1,131 1,312 1,448
38 39 63 67 70 133 138 131 117 117 167 159 158
CWIP 1 0 1 22 38 0 0 0 1 4 8 48 90
Investments -0 15 8 1 47 92 66 182 120 159 278 336 180
319 341 348 427 438 431 510 510 597 652 679 769 1,020
Total Assets 358 396 420 517 594 657 715 823 835 932 1,131 1,312 1,448

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
-14 59 47 33 110 140 63 138 13 162 231 104
-4 -20 -18 -19 -70 -66 20 -111 63 -44 -127 -43
21 -35 -31 -17 -38 -76 -81 -20 -87 -93 -129 -61
Net Cash Flow 3 4 -3 -3 2 -2 3 7 -10 25 -25 1

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 102 104 94 84 90 82 76 79 79 79 64 70
Inventory Days 159 148 153 168 161 125 222 147 137 141 137 148
Days Payable 58 58 43 38 52 46 48 60 51 64 50 74
Cash Conversion Cycle 203 194 204 214 199 160 250 166 165 156 151 143
Working Capital Days 138 130 135 137 120 116 141 124 153 127 107 113
ROCE % 30% 30% 36% 33% 31% 34% 29% 23% 26% 36% 30%

Shareholding Pattern

Numbers in percentages

Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Jan 2023
75.00 75.00 75.18 75.00 70.00 70.00 70.00 70.00 70.00 70.00 70.00 70.19
0.00 0.00 0.00 0.00 0.00 4.70 4.18 3.67 3.90 3.99 4.04 4.01
13.14 12.01 11.98 13.20 14.27 14.86 17.05 17.50 17.18 16.65 16.61 16.64
11.86 12.99 12.84 11.80 15.73 10.44 8.77 8.83 8.92 9.38 9.35 9.15

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Documents

Announcements

Annual reports

Credit ratings

Concalls